Add ZyCrypto News On Google Recent business collapses of exchanges, including BitMEX and BitMart, have brought speculation about whether such crashes could trigger the next crypto bull cycle or renewed market slump. Data shared today […]
“The next cycle will be dominated by licensed exchanges and institutional capital,” one analyst predicted. The cryptocurrency market has been stuck in a prolonged bear market for several months, while in the last few […]
The native token plummeted by roughly 60% after the announcement. Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent […]
BitMEX faces claims it profited from customer liquidations totaling 622.66 BTC. Plaintiffs seek Bitcoin recovery and damages over alleged unfair liquidation practices. Lawsuit coincides with BitMEX’s planned September shutdown after 11 years. BitMEX is facing […]
Eight months ago, BitMEX co-founder Arthur Hayes argued that traditional exchanges would have to “adapt or die” as perpetual swaps spread beyond crypto. Now BitMEX itself is closing, while the exchanges it once challenged are […]
BitMEX is accused of allowing internal traders access to customer data while users were locked out during server issues. BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX. The […]
TLDR Former BitMEX users filed a proposed class action against the exchange and its co-founders. The lawsuit names Arthur Hayes, Samuel Reed, Benjamin Delo, and Gregory Dwyer. Plaintiffs allege BitMEX ran an undisclosed “Insider Trading […]
Key Takeaways BitMEX and its founders face a NY lawsuit accusing the exchange of manipulating trades to steal collateral. Plaintiffs claim BitMEX used server freezes and secret insider accounts to intentionally force liquidations. The lawsuit […]
BTC has dropped by roughly three grand after marking a local peak at $67,000. Strategy doesn’t want to buy or sell, while a derivatives giant says goodbye. The previous business week ended with a […]
BitMEX, the Seychelles-based crypto exchange founded by Arthur Hayes, announced on July 23 that it will shut down at 04:00 UTC on Sept. 23. Customers now have two months to close positions and withdraw funds, […]
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